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Please read all my above written sentences closely again because...
I was absolutely not talking about one data feed being "wrong" and another being "right".
Last few years I compared data feeds, DOM`s and combinations ...of course also next to next.
I accumulated 1000īs of hours starring at DOMīs...
I do not know on what you base your opinion but it seems more to be of pure technical (half knowledge) nature.
It is not about theoretical physics where an electron needs a specific time to travel a specific way and the human eye processing data faster or slower compared to that in a theoretical worldor something like you indicate...
See:
In the real world when data travels from Europe to the USA and back there could somewhere be a bottleneck.
When TT is using a dedicated infrastructure but Tradovate using an Amazon server there could be a bottleneck.
If IQfeed is transmitting every tick for bid and ask and trade and all the changes per level of depth there could be a bottleneck...
When your software does a lot of calculation or your actual software setting, be it by the software of its own or the volume of data it receives, there ...yeah you know...
And then, of course, there could be several bottlenecks at the same time.
So again. I do not say that the one data feed is always several seconds behind another feed or wrong.
In slow markets or market periods, there is no issue.
If your edge is anyway that huge -no issue.
If your trading style is not performance orientated - no issue.
If you are not a nickel nurser like me - no issue.
Perhaps there are more reasons but I am more in the mood for coffee now...
aaaaaahh, letīs wait a little bit more time.
When you realize after 1-2 years that your strategy is only netting on average 3-6 ticks perhaps you start to think different.
Everything else would be unbearable for me as it meant I am wrong.
Whatīs more important, is to learn the right instrument in regard to your target style of trading.
You mentioned orderflow. So I assumed that this is part of your strategy or you even rely heavily on that.
In the ZN intention is easier to read than in NQ.
...and if one trades 10-year treasury futures it's much more than only orderflow.
I do not understand why this answer was chosen as the "original question" as it is obvious that people have no clue...
Be it people posting or moderators...
was just replying to >> DISCRETIONARY trader the latency of the datafeed (including orderflow traders)?
its a BIG ZERO, there is 0 difference in data feed latency but thats just mho. retail feeds always have latency.
latency to orderflow traders is also 0. it just depends the type of order flow trader u r
If we are honest, everything, in the end, is order flow.
Nonetheless, most people would define order flow as a very short time period.
If one now trades on a higher time frame and aim for bigger profits than some ticks back and forth and some 100 contracts back and for play no role. And if a trader goes for a several day swing 10th of thousand of contracts play no role but Sentiment. And the longer the time period the more Fundamental are of importance.
What I reject is the arbitrary number you stated as it is no hard truth.
I assume, and I could be wrong on that, that your answer was chosen as the "answer to the original question" only under the premise that the longer/bigger your timeframe is, the less important is latency. Of course, that is true. If you trade the daily chart how who would care about 2 seconds or 10 seconds or even a minute. The targets and stop losses generally are much further away than the price could move in such a short period.
But if we talk about what most people understand about order flow trading or really short-term trading, then 1-2 ticks are of importance.
I am long enough in this business. I know what strategies/systems really yield after commissions etc.
And even if you are a super talent and bang out thousands fo $ every day: If you trade 100 contracts and lose only 1 tick that are 1000 bucks in Crude. Lots of people on earth do not have this for vacation or even for daily live.
Every other company tries to optimize its processes in every way.
Thatīs why I am of the opinion that a statement like "...donīt care about delay..." is in the wrong place. When you trade for profits, that is hard core business. Inefficiencies are not that huge. It is like competitive sports. In athletics, how do day count? Hours or minutes?!
IS FINE....MOST WHO DO ORDEFLOW WILL THINK OF LATEMCY AND OR TICKS.....HOWEVER ITS JUST TAPE READING....AND THE ART IS TO KNOW....WHEN PEOPLE ARE SROPPED OR WHERE THE bIG LIMITS ARE....HENCE WHY LIVERMOORE WATCHED TAPE THOSE DAYS AND DID NOT HAVE ACCESS TO THE dom OR MANY ORDERFLOW TOOLS AVAILABLE AAS TODAY. WAS HE BOTHERED ABOUT LATENCY....WHEN LOOKING AT TAPE IN NEXT DAYS NEWSPAPER?....IN THAT LIES YR ANSWER
HOWEVER WE TALKINGF TRADING. IN TRADING U SHOULD NOT BELIEVE TILL U SEE O EXPERIENE. MY EXPERIENCE TELLS ME THAT LATENCY IS NOT SO MUCH OF A CONCERN....BUT OFCOURSE IS....FUING FLADH CRASH IF U STUDIED SOME OF THE ASTTES...THEY SHOWED MARKET WENT UP BEFORE RETAIL TAPE....SO LATNCY MATTERS....
I MAINLY SWING....SO IT DOESNTT MATTER TO ME....N I DONT LOOK AT TICKS....I AM LOOKING AT LEVELS AND ORDERFFLOW AROUNF THOSE LEVELS....AT THAT TIME...I AM LOOKING AT NEXT DAYS TRADING AND AT TIMES NOT THE IMMEDIAT FEW MINS OR HOURS....IN PANIC....MY TRADES ARE BASED OF FRIDAY LEVELS....SO AS IN EUPHORIA....SO LATANCY AS U CAN SEE....IF IRRELEVANT.
MY CURRENT LEVELS....N WAT I WIILL WATCH,,,,,I AM LOOKING AT OVERALL MRKT...NYSE...NASDAQ...RUSSELLL,,,,FROM A BREADTH AND ORDEFLOE PERSPECTIVE...LATENCY IS AGAIN IRREELEVANRT.,,,,MY TRADES COME DUE TO SPY CONSTITUENTS..SUCH A S WHAT HAPPENED ON QQQ....SPY...AAAPL....I CARE 2 HOOTS ON JUST WHAT es OR NQ DID....OR IS DOING.....
ON TWTR MY LEVELS R POSTED MUCH BEFORE.,.,,I DOBNT DO THAT HERE?.....R WE WRONG...N HOW MANY TIMES